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Renovated Office and Retail Building
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332 S Michigan Ave, Chicago, IL 60604

Class B office tower with retail space in Chicago.

Property Size348,890 SF
Days on Market230

Property Features for 332 S Michigan Ave

General Information

Standard status Active
Size 348,890 SF
Class B
Property subtype Office

Building Details

Year Built 1910
Year Renovated 1984
Stories 20

Properties For Sale

at 332 S Michigan Ave
Available Space Sale
Size 348,890 SF
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Listing Agency: Transwestern | Chicago
Listed By: Paul Barile
Source: Transwestern
Added: Mar 7 Changed: Oct 9 Last Checked: Oct 20 at 5:04PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Transwestern | Chicago

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Investment Insights

Based on property information with market context.

The McCormick Building is a 14-story Class B office tower, originally constructed in 1910 and recently renovated to accommodate current business needs. The property includes a mix of office and retail spaces, totaling 348,890 square feet of usable space. It is strategically positioned with direct access to major thoroughfares, including Interstates 90 and 55, and is just minutes from both Midway and O’Hare International Airports. Its location offers connectivity to the city’s central business district.

Key Highlights

  • Strategic location with direct access to Interstates 90 and 55.
  • Minutes from both Midway and O’Hare International Airports.
  • Unparalleled connectivity to the city’s central business district.

Property Analytics

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Current Use

Epic Productions LLC Film Production Digitalvue Photography Service Fetch Portraits- Pet ... Photography Service Ackerman Refinishing and Upholstery Furniture & Home Goods A Dwelling 4U Realty ... Real Estate Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Adult Day Care Butcher Buffet

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

38,321
Businesses Nearby

Demographics for 60604, IL

897
Population
510
Households
1.8
Avg Household Size
34
Median Age
96%
College-Educated
98%
High-School Grad
0.1 sq mi
ZIP Area
8,970
Density / Sq Mi
$77,806
Median Household Income
$54,030
Median Earnings
$2,500
Median Rent
$577,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in Chicago, IL

17.9% 2019
19.2% 2020
20.7% 2021
23.1% 2022
23.3% 2023
25.1% 2024
25.6% 2025

Frequently Asked Questions

What type of property is this?
Office building - Class B office tower with retail space in Chicago.
Where is this office building located?
The property is located at 332 S Michigan Ave Chicago, IL.
What are key features of this property?
This property features: Strategic location with direct access to Interstates 90 and 55.; Minutes from both Midway and O’Hare International Airports.; Unparalleled connectivity to the city’s central business district.
More about this property
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